It’s Super Bowl time again. And whether you’re a sports fan or not, you can probably learn something from the Super Bowl teams that you can apply to other endeavors — such as investing. What might these lessons be? Take a look:
• Pick players carefully — Super Bowl teams don’t usually get there out of luck; they’ve made it in part because they have carefully chosen their players. And to potentially achieve success as an investor, you, too, need carefully chosen “players” — investments that are chosen for your individual situation.
Yes, parents and kids, it is that time once again. As a former teacher, I used to indulge in decorating my boards to influence happiness and encourage learning. The kids would drag their book bags, and I would just smile and welcome them to the door. After January, it is hard to keep children on task with the work you are on.
It takes time and effort to build an investment strategy that fits your goals. But several factors can disrupt even the best-crafted plan. The simple day-to-day movements of the financial markets can pose a real threat to the health of your portfolio.